2024 Governmental & Not-for-Profit Annual Update
Presenter
Martin Birr,
Trustee Lecturer in Accounting,
Kelley School of Business at Indiana University
Overview
Change is inevitable and, at times, overwhelming if you are unprepared. Ensure you are current in governmental and not-for-profit accounting and auditing. This update course is designed to prepare you for the latest accounting and auditing developments affecting governments and not-for-profits and give you the tools and knowledge to implement the new standards.
Learning Objectives:
- Apply the most recent requirements of GASB and FASB directed toward governments and not-for-profits.
- Recall key points related to the latest developments in OMB and Yellow Book requirements.
- Identify recent activities of the AICPA and how they affect the auditor’s report.
Major Topics:
- GASB update
- Not-for-profit accounting update
- Revenue recognition in not-for-profits
- FASB's lease standard
- FASB update
- Auditor's report and conforming changes
- Auditing Standards Board update
- SSARS and SSAE update
- Governmental auditing update
